News

28 October 2024

“Cuotas Cencosud Serie XXXVIII” under Cencosud trust securities Programme “Más Cuotas II”

Argentina’s Pérez Alati, Grondona, Benites & Arntsen has acted as deal counsel in the thirty eighth issuance under the trust securities programme “Más Cuotas II” worth US$250 million on which Cencosud S.A. acted as Trustor and TMF Trust Company (Argentina) acted as Trustee and issuer of the deal.

Banco de Galicia y Buenos Aires S.A.U, SBS Trading S.A. and Banco Patagonia S.A. were the placement agents in the transaction, which closed on October 25th . Cencosud issued the trust debt securities in two classes worth a total of ARS $9.863.148.028(U$S $ 10,004,037.89).

The trust programme Más Cuotas II consists of physical and digital credit card receivables issued by Cencosud, who operates several shopping centers and supermarkets in Argentina. 

Deal Counsel

Pérez Alati, Grondona, Benites & Arntsen

Partner María Gabriela Grigioni; Associates Nahuel Perez de Villarreal, María Sol Martínez; and paralegal Violeta Okretic

Counsel to Cencosud

In-house - Magdalena Pologna and Gilda Strk

Counsel to TMF Trust Company (Argentina) S.A.

In-house- Leonardo Pirolo and Tomás Bruno

Counsel to Banco de Galicia y Buenos Aires S.A.U

In-house- Enrique Cullen

Practices

Authors

Grigioni, María Gabriela

Perez de Villarreal, Nahuel

Martínez, María Sol

Article published in:

AUNO Abogados

Subscribe to our Newsletter

Stay updated by receiving our Legal News Alert that will provide you, in a quick and simple way,
with the latest regulatory changes as well as the most relevant news.

Subscribe

* indicates required
I hereby give my free and informed consent for the collection, processing, storage and/or use of my personal data (the "Personal Data") by Pérez Alati, Grondona, Benites & Arntsen. I understand that all assignment and/or transfer of my Personal Data will be made in full compliance with Law No. 25,326 and complementary regulations. The delivery of my Personal Data is voluntary. I understand that, as the owner of the Personal Data, I have the right to exercise, free of charge, the right of access, rectification or deletion of my Personal Data pursuant to Section 14, subsection 3 of Law No. 25,326 (as amended), by communicating to the following e-mail address news@pagbam.com. The AGENCY FOR ACCESS TO PUBLIC INFORMATION, Control Body of Law No. 25,326, has the power to deal with complaints and claims filed by those affected in theirs right due to breach of the Personal Data legislation in force.
You must fill the checkbox to suscribe.